Parts II, III and IV provide for the procedures and criteria of formation and registration of a cooperative society and its operation. Section 38 defines the powers of a society. Some provisions of Part III concern agreements a society may enter into. A society shall be managed by a Board of Directors. Part V provides for amalgamations, associations, federations and composite societies. Two or more societies may, subject to this Act, apply to the Registrar to be registered as an amalgamated society (sect. 103). On application the Registrar may: (a) register three or more societies as an association of societies; or (b) register three or more associations as a federation of associations; or (c) register three or more organizations registered under this Act as a composite society (sect. 106).
Papua New Guinea · 1982-01-01